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Fear thy neighbor : spillovers from economic policy uncertainty
Biljanovska, Nina; Grigoli, Francesco; Hengge, Martina - 2017
High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, financial, and political ties among countries, economic agents have more reasons to be vigilant of for- eign economic policy....
Persistent link: https://www.econbiz.de/10011763593
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Economic policy uncertainty in Turkey
Jirasavetakul, La-Bhus Fah; Spilimbergo, Antonio - 2018
policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity … irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater …
Persistent link: https://www.econbiz.de/10011978593
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Uncertainty and the employment dynamics of small and large businesses
Ghosal, Vivek; Ye, Yang - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10010479342
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The impact of uncertainty shocks on the UK economy
Denis, Stephanie; Kannan, Prakash - 2013
Persistent link: https://www.econbiz.de/10009726282
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Systemic Risks and the Macroeconomy
Lucchetta, Marcella - 2010
This paper presents a modeling framework that delivers joint forecasts of indicators of systemic real risk and systemic … financial risk, as well as stress-tests of these indicators as impulse responses to structural shocks identified by standard … of out-of sample forecasting power for tail risk realizations of real activity for several countries, suggesting the …
Persistent link: https://www.econbiz.de/10014404310
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Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through
Hunt, Ben - 2003
The paper uses MULTIMOD to examine the implications of uncertain exchange rate pass-through for the conduct of monetary policy. From the policymaker''s perspective, uncertainty about exchange rate pass-through implies uncertainty about policy multipliers and the impact of state variables on...
Persistent link: https://www.econbiz.de/10014399681
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The Impact of Uncertainty Shocks on the UK Economy
Denis, Stephanie - 2013
This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at...
Persistent link: https://www.econbiz.de/10014395348
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Trade Reforms of Uncertain Duration and Real Uncertainty : A First Approximation
Calvo, Guillermo - 1994
and real shocks, and the credibility component depends on the mean and risk of real asset returns. Thus, observed booms …
Persistent link: https://www.econbiz.de/10014396072
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Post-Covid-19 recovery and resilience : leveraging reforms for growth and inclusion in Sub-Saharan Africa
Hong, Gee Hee; Igan, Deniz; Lee, Do - 2021
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that …
Persistent link: https://www.econbiz.de/10012518323
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The macroeconomic impact of social unrest
Hadzi-Vaskov, Metodij; Pienknagura, Samuel; Ricci, Luca … - 2021
This paper explores the macroeconomic impact of social unrest, using a novel index based on news reports. The findings are threefold. First, unrest has an adverse effect on economic activity, with GDP remaining on average 0.2 percentage points below the pre-shock baseline six quarters after a...
Persistent link: https://www.econbiz.de/10012613425